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Significant rises in interest rates over the past year has driven 72% of institutional investors and wealth managers to increase allocations to fixed income assets, with just under a fifth (19%) making dramatic increases. Eighteen percent say they have kept allocations the same, while 10% have made decreases.
This is according to new research from Managing Partners Group (MPG), the international asset management company, which surveyed institutional investors and wealth managers worldwide with assets of €245 billion under management.
Nine out of ten respondents expect the yields on fixed income instruments to continue to rise over the next six months, with 21% expecting dramatic increases while 69% say rises will be slight. Nine percent of investors...
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